Market News of Note

The company posted a net loss of $1.10 billion, or $2.09 per share, for the quarter ended September 30, compared with a profit of $150 million, or 43 cents per share, a year earlier.

Net sales of $4.2 billion were in line with prior year with organic sales growth of 2.5 percent offset by divestitures and business exits.

The Ireland-headquartered company now expects full-year adjusted core earnings (EBITDA) to rise by between 4% and 8.5% to between $4.9 billion and $5.1 billion, from a previous $5.0 to $5.2 billion range.

UPM-Kymmene reported a 47% decline in comparable EBIT to Euro 153 million in the third quarter of 2025 as weak global pulp and paper demand and elevated wood costs continued to pressure earnings. Group sales fell to Euro 2.3 billion, down from Euro 2.5 billion a year earlier.

Company's stock prices drop as solid bleached board continues to be oversupplied.

The company's bottom line totaled $87 million, or $0.12 per share. This compares with $28 million, or $0.04 per share, last year.

Metsä Group reported a comparable operating loss of Euro 27 million for the first nine months of 2025, down from a Euro 170 million profit a year earlier, as deteriorating market conditions pressured its core businesses.

Sonoco Products Company reported net income of $122.9 million for the third quarter of 2025, up from $50.9 million in the same period last year, according to the company's earnings release. The 142% increase was driven by the acquisition of Metal Packaging EMEA and improved price/cost dynamics.

Norske Skog reported a pre-tax profit of NOK 120 million for the third quarter of 2025, a significant improvement from a loss of NOK 144 million in the same period last year, according to Norske Skog ASA. The result was driven by lower fibre costs and positive valuation effects from Norwegian energy contracts, despite decreased paper prices across both main segments.

Holmen reported an operating profit of SEK 2,531 million for January to September 2025, down from SEK 3,005 million in the same period last year, due to low electricity prices and maintenance shutdowns in its Board and Paper division.

Showing the way forward, Metsä Group will introduce a data-analytics-based operating model for wood trade, in which the bearing capacity of soil and the prevailing weather conditions determine the harvesting time for felling sites.

Reported earnings in the third quarter of 2025 include special items for costs and charges related to the Greif containerboard business acquisition and costs related to closures of corrugated products facilities.

West Fraser Timber reports a third-quarter loss of $204 million, driven by weak North American housing demand and a $67 million duty expense linked to finalized U.S. softwood lumber tariffs.

Stora Enso's Q3 2025 sales rose by 1%, driven by acquisitions and new production lines.

Södra posted a negative result for the third quarter of 2025. The result was impacted by the continued uncertain external environment combined with low demand and negative exchange rate effects.

Delivered another solid quarter in a dynamic environment.

Interfor Corporation plans to cut lumber production by approximately 250 million board feet in the fourth quarter of 2025, a 26% decrease from the 936 million board feet produced in the second quarter. The new figure increases the company's previously announced plan from which targeted a reduction of approximately 145 million board feet between September and December, representing a 12% decrease from normal operating levels.

Trump imposes additional 10% tariff on lumber, 25% on wood products.

Demand for packaging has not become worse, nor has it become better, Mondi CEO Andrew King told analysts, adding that weakness in fine paper has persisted, with competitors fighting for share in a shrinking market.

Western Forest Products will curtail lumber production at its British Columbia sawmills by 50 million board feet in the second half of 2025, equal to 6% of its annual lumber capacity. The company attributes the reduction to weak markets, higher U.S. softwood lumber duties imposed in August 2025, and limited economic log supply, according to Western Forest Products.

Pete Hoekstra says he hopes the United States and Canada can strike a deal on softwood lumber, an issue that predates both of Donald Trump's terms in Washington.

Coniferous Bidco AB has acquired over 90% of Nordic Paper shares.

Lumber prices have dropped 25% since early August, as uncertainty over tariffs, oversupply, and a slowdown in U.S. homebuilding continue to weigh on demand. In response, major North American producers are scaling back output.

Net income decreased 49.6% to $39.3 million or $0.67 per diluted Class A share compared to net income of $78.0 million or $1.35 per diluted Class A share primarily due to a $46.1 million gain from the divestiture of Delta Petroleum Company, Inc. during the third quarter of 2024 (the "Delta Divestiture").

Suzano on Thursday said it will raise pulp prices by $20 per metric ton in Asia, and by $80 per ton in Europe and the United States.